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Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of account A most liquid asset A base of credit instruments A base of Govt. payments A base of economic development

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Page 1: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

MoneyFunctions of MoneyA medium of exchangeA standard of valueA store of valueA standard of deferred paymentsA measure of transferringA unit of accountA most liquid assetA base of credit instrumentsA base of Govt. payments A base of economic development

Page 2: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

1. Metallic money 2. Paper money

3. Credit money

KINDS Of MONEY

Page 3: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

1.Metallic money a. Standard metallic money b.Token metallic money

Page 4: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

System of metallicA. Monometallism(i) Gold currency standard(ii) Gold bullion standard(iii) Gold exchange standardB. Bimetallism

Page 5: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

Types of Paper Money Convertible paper money Inconvertible paper money

Page 6: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

Credit money (A) Cheque (i)Bearer cheque(ii)Order cheque(iii)Crossed cheque(iv)Traveller,s cheque (B) Bank draft (C)Credit card (D)Security (E) Bill of exchange(i)Sight bill(ii)Time bill(iii)Foreign bill of exchange

Page 7: Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of

MADE BY

SABA IQBAL


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